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Right now the smart money is betting the next President of the United States will be named Obama, and dollars are the primary reason why. As you may have heard, the Senator has flip-flopped on public campaign financing, and now says he will not accept it even though he once thought it was a swell idea. The government set taxpayer-based funding for presidential candidates at $85 million because, the wisdom went, it would prevent fat cats in the private sector from donating big dollars to influence a potential POTUS. But, like the military, it's voluntary, and Senator Obama is no longer interested in signing up, even though John McCain says he will. That's because, in his defeat of Hillary Clinton, Obama raised about $300 million and his campaign believes he can raise another $300 million before the vote next November. Of course, that is an astounding amount of cash, and puts Obama light years ahead of McCain's paltry $85 million. Money might not be able to buy true love, but it can certainly buy TV and radio air time, an army of mercenary consultants, and legions of staff members in every state. Add in the fact that the media generally loves Barack Obama, generously giving him positive news coverage, and you can see some dark clouds on the horizon for Senator McCain. Continue reading the full column... |
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